Business, 24.06.2021 20:40 aigo

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory:
Units in beginning work in process inventory 900
Materials costs $ 9,600
Conversion costs $ 7,700
Percent complete with respect to materials 60 %
Percent complete with respect to conversion 45 %
Units started into production during the month 8,100
Units transferred to the next department during the month 6,900
Materials costs added during the month $ 115,800
Conversion costs added during the month $ 120,500
Ending work in process inventory:
Units in ending work in process inventory 2,100
Percent complete with respect to materials 75 %
Percent complete with respect to conversion 20 %
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Do not round intermediate calculations.)
a. $13,570
b. $50,888
c. $30,660
d. $67,851

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 23:00

The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

Answers: 3

Answer

Business, 22.06.2019 01:40

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

Answers: 1

Answer

Business, 22.06.2019 08:30

Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.

Answers: 1

Answer

Business, 22.06.2019 14:40

Which of the following would classify as a general education requirement

Answers: 1

Answer

You know the right answer?

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning th...

Questions